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The global men’s wear market is poised to reach US$ 540,454.6 Mn by the end of 2022 and is anticipated to grow at a steady CAGR during the forecasted period of 2017 to 2022.
3 Forecast Highlights on Global Men’s Wear Market
1- The APEJ (Asia-Pacific excluding Japan) region is more lucrative a region for men’s wear and hence favors the men’s wear market by showing a healthy CAGR of 4.6% during the period of forecast. APEJ followed by North America, shows high market attractiveness, owing to prevalence of higher and increasing population along with greater disposable incomes. New trends and developments in the clothing sector has raised the bar of people adopting trendy and premium clothes and presence most of the super finicky individuals is driving the premium and the super-premium segment. The men’s wear market is poised to reflect higher growth rate in China and India
2- The super–premium segment runs at a higher pace to reflect a robust CAGR of 5.2% followed by the premium segment. However, these segments have a less market share by revenue, as compared to the economy segment in the price-based category. The economy segment is also poised to show steady growth rate during the forecast period
3- The 26-36 segment by demographics is anticipated to reflect a modest CAGR of 5.2% during the period of forecast, 2017-2022, and shows an equally good market share during 2017-2018. The 18-25 segment shows the highest market share by revenue, and a steady growth rate with a gain in the BPS by the end of 2022. According to Fact.MR, 66+ and 18-25 segments can be said to have similar growth rates during the forecast period
26-35 Segment by Demographics to Register Higher Growth Rate
The 26-35 segment is anticipated to register a higher growth rate during the forecast period 2017 to 2022, at a CAGR of 5.2%, higher than other segments. It also expected to reflect good market share by revenue by 2017 end and this growth trend has good chances of increasing by 2022-end. The 18-25 segment shows steady growth rate and has highest market share by revenue, followed by the 26-35 segment. Although, the 66+ segment shows a growth rate similar to 18-25 segment during the forecast period.
Accessories Segment Dominates the Global Market in Terms of market Share; Robust Growth Rate anticipated for the Ethnic Wear Segment
The accessories segment by category shows higher market share by revenue and is expected to grow at a moderate growth rate during the period of forecast. By 2022, this segment is poised to reflect a market revenue share of US$ 80,144.6 Mn and also expected to gain BPS during this period. The ethnic wear segment is expected to show the highest growth rate among all other segments, yet has less market share by revenue, but it can be said to have an increase in the market share owing to its robust growth rate. Following ethnic wear, tops/t-shirts/shirts segment is also showing signs of high growth during the forecast period and is anticipated to gain BPS by the end of 2022. The winter wear and sleep wear segments are growing at a slow yet steady pace, and at a similar rate and this is anticipated to continue throughout the period of forecast.
Modern Trade Outpaces Specialty Store Segment in all Aspects
The modern trade segment by sales channel overtakes the specialty stores segment with respect to growth rate and is anticipated to grow at a higher pace showing a CAGR of 4.9% during the forecast period of 2017- 2022. It also has higher market share by revenue and is expected to gain high BPS by the end of 2022. The specialty stores segment comes second from growth and revenue share standpoints. The online segment shows moderate growth rate throughout the forecast period.
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Table of Contents:
- Global Men's Wear Market - Executive Summary
- Global Men's Wear Market Overview 2.1. Introduction 2.1.1. Global Men's Wear Market Taxonomy 2.1.2. Global Men's Wear Market Definition 2.2. Global Men's Wear Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Men's Wear Market Y-o-Y Growth 2.3. Global Men's Wear Market Dynamics 2.3.1. Drivers 2.3.2. Restraints 2.3.3. Trends 2.4. Supply Chain 2.5. Cost Structure 2.6. Pricing Analysis 2.7. Raw Material Sourcing Strategy and Analysis 2.8. List of Distributors 2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Men's Wear Market Analysis and Forecast By Category Type 3.1. Global Men's Wear Market Size and Forecast By Category Type, 2012-2022 3.1.1. Ethnic Wear Men's Wear Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region
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